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Time of India
4 days ago
- Time of India
Gujarat: Over 8 lakh passengers benefited from 2,780 additional buses by GSRTC during summer vacation 2025
The Gujarat State Road Transport Corporation ( GSRTC ) operated additional bus services during the summer vacation. From May 1 to May 31, 2025, over 8 lakh passengers benefited from this initiative, according to a release issued by the state government. According to the officials, to improve passenger convenience during the summer vacation, the ST Corporation operated over 1,400 extra express buses daily, connecting key cities across Gujarat. This included nearly 500 trips from Surat to Saurashtra, around 210 from Saurashtra to North Gujarat, approximately 300 from South Gujarat to North Gujarat, and 300 to various destinations within Saurashtra. Additionally, interstate services saw increased passenger traffic on routes between Gujarat and neighbouring states like Maharashtra and Rajasthan. The GSRTC ensured convenient travel to religious and tourist destinations through well-planned services from Ahmedabad. This included 10 daily trips to Ambaji, Somnath, and Dwarka, and five daily trips to Dakor, Pavagadh, and Girnar. For tourist spots like the Statue of Unity, Sasan Gir, and Saputara, five trips were operated daily, while 10 daily services were run to Diu and Kutch. For interstate travel, two daily trips from Ahmedabad connected passengers to Mount Abu and Sundha Mata in Rajasthan, and two trips from Geeta Mandir served Maharashtra destinations like Shirdi, Nashik, and Dhulia. Between May 1 and May 31, 2025, GSRTC operated 2,780 additional buses, completing 16,438 extra trips and serving 8.22 lakh passengers. The same period in 2024 saw 1,988 extra buses, 11,674 trips, and 5.84 lakh passengers. This marks a year-on-year increase of 2.38 lakh passengers availing ST Corporation's summer vacation services. To ensure passenger convenience, ST Corporation conducted 16,438 trips between May 1 and May 31, 2025, covering 15.61 lakh kilometres and generating Rs3.78 crore in revenue. In comparison, May 2024 saw 11,674 trips and Rs2.94 crore in earnings. These figures highlight the state government's commitment to strong leadership and quality public transport infrastructure. "Gujarat's robust public transportation system, accessible to both urban and rural citizens, reflects the visionary leadership of former Chief Minister and current Prime Minister Narendra Modi. Guided by the Prime Minister and led by Chief Minister Bhupendra Patel, the state government continues to advance transformative reforms in the road transport sector to enhance passenger convenience," said an official release.
India Gazette
5 days ago
- Business
- India Gazette
Gujarat: Over 8 lakh passengers benefited from 2,780 additional buses by GSRTC during summer vacation 2025
Gandhinagar (Gujarat) [India], June 5 (ANI): The Gujarat State Road Transport Corporation (GSRTC) operated additional bus services during the summer vacation. From May 1 to May 31, 2025, over 8 lakh passengers benefited from this initiative, according to a release issued by the state government. According to the officials, to improve passenger convenience during the summer vacation, the ST Corporation operated over 1,400 extra express buses daily, connecting key cities across Gujarat. This included nearly 500 trips from Surat to Saurashtra, around 210 from Saurashtra to North Gujarat, approximately 300 from South Gujarat to North Gujarat, and 300 to various destinations within Saurashtra. Additionally, interstate services saw increased passenger traffic on routes between Gujarat and neighbouring states like Maharashtra and Rajasthan. The GSRTC ensured convenient travel to religious and tourist destinations through well-planned services from Ahmedabad. This included 10 daily trips to Ambaji, Somnath, and Dwarka, and five daily trips to Dakor, Pavagadh, and Girnar. For tourist spots like the Statue of Unity, Sasan Gir, and Saputara, five trips were operated daily, while 10 daily services were run to Diu and Kutch. For interstate travel, two daily trips from Ahmedabad connected passengers to Mount Abu and Sundha Mata in Rajasthan, and two trips from Geeta Mandir served Maharashtra destinations like Shirdi, Nashik, and Dhulia. Between May 1 and May 31, 2025, GSRTC operated 2,780 additional buses, completing 16,438 extra trips and serving 8.22 lakh passengers. The same period in 2024 saw 1,988 extra buses, 11,674 trips, and 5.84 lakh passengers. This marks a year-on-year increase of 2.38 lakh passengers availing ST Corporation's summer vacation services. To ensure passenger convenience, ST Corporation conducted 16,438 trips between May 1 and May 31, 2025, covering 15.61 lakh kilometres and generating Rs3.78 crore in revenue. In comparison, May 2024 saw 11,674 trips and Rs2.94 crore in earnings. These figures highlight the state government's commitment to strong leadership and quality public transport infrastructure. 'Gujarat's robust public transportation system, accessible to both urban and rural citizens, reflects the visionary leadership of former Chief Minister and current Prime Minister Narendra Modi. Guided by the Prime Minister and led by Chief Minister Bhupendra Patel, the state government continues to advance transformative reforms in the road transport sector to enhance passenger convenience,' said an official release. (ANI)
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Business Standard
27-05-2025
- Business
- Business Standard
Olectra Greentech shares tank 12% in trade; What is rattling investors?
Olectra Greentech share price slumped 12 per cent in trade on Tuesday, May 27, 2025, logging an intraday low at ₹1,180 per share on BSE. At 12:07 PM, Olectra Greentech shares were down 5.89 per cent at ₹1,266.05 per share on the BSE. In comparison, the BSE Sensex was down 0.18 per cent at 82,024.78. The market capitalisation of the company stood at ₹10,391.83 crore. The 52-week high of the stock was at ₹1,960 per share and the 52-week low of the stock was at ₹973.65 per share. In the past one year, Olectra Greentech shares lost 26 per cent as compared to Sensex's rise of 9 per cent. Olectra Greentech Q4 results 2025 The company released its March quarter (Q4FY25) earnings on Monday, after market hours. The electric bus manufacturer reported a consolidated net profit of ₹20.68 crore, up 38 per cent year-on-year (Y-o-Y), from ₹14.9 crore in Q4FY24. However, on a quarter-on-quarter (Q-o-Q) basis the net profit slipped 56 per cent from ₹46.61 crore in Q3FY25. The company's revenue from operations rose 55 per cent Y-o-Y to ₹448.91 crore, from ₹288.8 crore a year ago. On a Q-o-Q basis, the revenue fell 13 per cent from ₹515 crore in Q3. Olectra Greentech dividend The company's board recommended a dividend of ₹0.4 (10 per cent) per equity share of ₹4 each for the financial year 2024-25. "The board of directors of the company in their meeting held on May 26, 2025, have recommended the final dividend at the rate of 10 per cent (i.e. ₹0.40/- only) per equity share of ₹4.00/- (Rupees Four only) each fully paid-up, subject to approval of the shareholders of the company, which if approved, shall be paid within thirty days from the conclusion of the Annual General Meeting of the company," the filing read. Olectra Greentech order cancelled Reports suggest that Maharashtra's Transport Minister, Pratap Sarnaik directed officials to cancel the tender order awarded to the company for failing to meet delivery timelines. In his 'X' post the minister without naming the company said the company has been inactive in supplying 5,150 leased electric buses and the meeting is directed at taking action to cancel the tender contract signed by ST Corporation with the company. He added: A revised schedule was given to the concerned bus supplier organization to supply 1,000 buses by May 22. But it was not possible to supply a single bus to the concerned company till this period. Therefore, there is doubt about the supply of buses by this organization in the future. ???? २६ मे २०२५ | ????मुंबई भाडेतत्त्वावरील इलेक्ट्रिक बस करार रद्द करा ५१५० भाडेतत्त्वावरील इलेक्ट्रिक बस पुरवठा करण्यात संबंधित कंपनी निष्क्रिय ठरली असून या कंपनीसोबत एसटी महामंडळाने केलेला निविदा करार रद्द करण्याबाबत कारवाई करावी असे निर्देश बैठकीत दिले. आज एस. टी. महामंडळाच्या… — Pratap Baburao Sarnaik (@PratapSarnaik) May 26, 2025 About Olectra Greentech Olectra Greentech Ltd. is a prominent player in India's EV sector, specialising in the production of electric buses and related infrastructure.
Time of India
26-05-2025
- Business
- Time of India
Maha minister instructs cancellation of electric bus contract due to supplier inactivity
Mumbai: The company responsible for supplying 5,150 electric buses on a lease basis has proven to be inactive, and action should be taken to cancel the tender contract made by the ST Corporation with this company, instructed transport minister and MSRTC chairman Pratap Sarnaik. He was speaking at a review meeting held at the corporation headquarters on Monday. Sarnaik said that the supplier was given a revised schedule to deliver 1,000 buses by May 22. However, the company failed to supply even a single bus within this timeframe. "This raises doubts about the company's ability to supply buses in the future. At a time when the corporation urgently needs buses, if the supplier cannot deliver on time, the tender contract with this company should be cancelled," he said. The existing Shivshahi buses operated by the ST Corporation should be gradually reconstructed and converted into Hirkani (semi-luxury) buses, the minister suggested at the meeting. "These buses should be painted in the traditional green and white colours, as they were previously," he said. He further said that during visits to various bus stations across the state, he observed severe negligence regarding cleanliness. There have been frequent complaints from passengers, especially female passengers, in this regard. "Once flaws are pointed out, action must be taken by holding the responsible officials accountable. If such negligent officials are being shielded, it will not be tolerated under any circumstances," he added.
